Audit Fees and Non-Compliance with Anti-Money Laundering Law

Object: Money laundering is one of the important issues that auditors should pay attention to in their investigations. Money laundering is a global issue and has devastating effects on corporate performance and auditing, and hence, on the economy. The purpose of this study was to investigate the eff...

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Autores principales:	Ali Ebrahimi Kordlar (Ph.D), Arash Tahriri (Ph.D), Ali Mohammady
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2020
Materias:	money laundering audit fees clients’ business risk non-compliance with anti-money laundering law Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/5c3faef45bc14b57aa0d335885f642c7
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spelling	oai:doaj.org-article:5c3faef45bc14b57aa0d335885f642c72021-11-04T19:55:14ZAudit Fees and Non-Compliance with Anti-Money Laundering Law2008-89142476-292X10.22103/jak.2019.13429.2901https://doaj.org/article/5c3faef45bc14b57aa0d335885f642c72020-01-01T00:00:00Zhttps://jak.uk.ac.ir/article_2456_2920052150557879127dee2d119bfc11.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XObject: Money laundering is one of the important issues that auditors should pay attention to in their investigations. Money laundering is a global issue and has devastating effects on corporate performance and auditing, and hence, on the economy. The purpose of this study was to investigate the effects of non-compliance with anti-money laundering law on audit fee. Method: This research is a quantitative research from the perspective of implementation process, meaning that an objective approach is taken for data collection and quantitative analysis. Hypothesis testing was performed, using regression model and statistical sample of 78 companies listed in the Tehran Stock Exchange during the period 2013-2017. Results: The findings of this study, in line with the literature in their field, showed that there is a positive and significant relationship between non-compliance with anti-money laundering law and audit fees. Conclusion: According to the results of this study, non-compliance with the anti-money laundering law increases the clients’ business risk and audit risk. Therefore, auditors increase their efforts that increase audit costs, resulting in requesting additional audit fees.Ali Ebrahimi Kordlar (Ph.D)Arash Tahriri (Ph.D)Ali MohammadyShahid Bahonar University of Kermanarticlemoney launderingaudit feesclients’ business risknon-compliance with anti-money laundering lawAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 10, Iss 4, Pp 63-88 (2020)
institution	DOAJ
collection	DOAJ
language	FA
topic	money laundering audit fees clients’ business risk non-compliance with anti-money laundering law Accounting. Bookkeeping HF5601-5689
spellingShingle	money laundering audit fees clients’ business risk non-compliance with anti-money laundering law Accounting. Bookkeeping HF5601-5689 Ali Ebrahimi Kordlar (Ph.D) Arash Tahriri (Ph.D) Ali Mohammady Audit Fees and Non-Compliance with Anti-Money Laundering Law
description	Object: Money laundering is one of the important issues that auditors should pay attention to in their investigations. Money laundering is a global issue and has devastating effects on corporate performance and auditing, and hence, on the economy. The purpose of this study was to investigate the effects of non-compliance with anti-money laundering law on audit fee. Method: This research is a quantitative research from the perspective of implementation process, meaning that an objective approach is taken for data collection and quantitative analysis. Hypothesis testing was performed, using regression model and statistical sample of 78 companies listed in the Tehran Stock Exchange during the period 2013-2017. Results: The findings of this study, in line with the literature in their field, showed that there is a positive and significant relationship between non-compliance with anti-money laundering law and audit fees. Conclusion: According to the results of this study, non-compliance with the anti-money laundering law increases the clients’ business risk and audit risk. Therefore, auditors increase their efforts that increase audit costs, resulting in requesting additional audit fees.
format	article
author	Ali Ebrahimi Kordlar (Ph.D) Arash Tahriri (Ph.D) Ali Mohammady
author_facet	Ali Ebrahimi Kordlar (Ph.D) Arash Tahriri (Ph.D) Ali Mohammady
author_sort	Ali Ebrahimi Kordlar (Ph.D)
title	Audit Fees and Non-Compliance with Anti-Money Laundering Law
title_short	Audit Fees and Non-Compliance with Anti-Money Laundering Law
title_full	Audit Fees and Non-Compliance with Anti-Money Laundering Law
title_fullStr	Audit Fees and Non-Compliance with Anti-Money Laundering Law
title_full_unstemmed	Audit Fees and Non-Compliance with Anti-Money Laundering Law
title_sort	audit fees and non-compliance with anti-money laundering law
publisher	Shahid Bahonar University of Kerman
publishDate	2020
url	https://doaj.org/article/5c3faef45bc14b57aa0d335885f642c7
work_keys_str_mv	AT aliebrahimikordlarphd auditfeesandnoncompliancewithantimoneylaunderinglaw AT arashtahririphd auditfeesandnoncompliancewithantimoneylaunderinglaw AT alimohammady auditfeesandnoncompliancewithantimoneylaunderinglaw
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Audit Fees and Non-Compliance with Anti-Money Laundering Law

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